Presented below are two independent situations, (a) Pina Co sold $2,120,000 of 12%,10 year bonds at 103 on January 1,2020. The bonds were dated January 1,2020, and pay interest on July 1 and January 1 If Pina uses the straight-fine method to amortize bond premium or discount, determine the amount of interest expense to be reported on July 1,2020, and December 31, 2020. (Round answer to 0 decimal places, es. 38,548.) Interest expense to be recorded $ (b) Grouper inci issued $580,000 of 9%,10-year bonds on June 30, 2020, for $480. 209. This price provided a yield of 12% on the bonds Interest is payable semiannually on December 31 and hane 30 . If Grouper uses the effective-interest method, determine the amount of interest expense to record if francial statements are issued on October 31,2020. (Round intermediate calculations to 6 decimal places, eg. 1.251247 and final onswer to 0 decimal ploces, es. 38.548J